Alternative small business lenders seem to be preparing for a regulatory storm – or, at least, for increased communication with policymakers.

Another SME financing advocacy group has been formed, this time by OnDeck, Kabbage and CAN Capital.

The firms announced the creation of the Innovative Lending Platform Association on Thursday (May 5), citing advocacy, education and the development of best practices as their goals.

First on the agenda is the creation of a model small business lending disclosure. Dubbed SMART (Straightforward Metrics Around Rate and Total Cost) Box, the initiative will see participation from the Association for Enterprise Opportunity and provide SMEs with a chart of explanations and comparison tools when they shop around for a small business loan.